The Montaigne Fallacy | Mises Institute
Mark Thornton
Mark Thornton is the Peterson-Luddy Chair in Austrian Economics and a Senior Fellow at the Mises Institute.

As the world heads further down the road to trade protectionism and war, Mark takes a look at what Ludwig von Mises dubbed the “Montaigne Fallacy.” This fallacy is based on the illogical idea that with voluntary exchange, one person’s benefits come at the expense of the other, or what we call “zero sum thinking.” Mark shows exactly why the idea is wrong and explains that Montaigne’s other ideas are also wrongheaded.

Be sure to follow Minor Issues at Mises.org/MinorIssues.

Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at Mises.org/Money.

 

 

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Originally Posted at https://mises.org/

By Mises